Among the four pillars of New Fire betting, the most stable are actually custodial and asset management infrastructure — ETFs are just the result, not the cause.

Xinhuo Group's Weng Xiaoqi proposed at the World Financial Forum that the integration of AI and Web3 will give rise to Web4, emphasizing four forces to drive industry explosion: compliance, on-chain assets, AI capital flow, and participation by national institutions. AI will enhance wallet management, and crypto will rise alongside AI. Looking ahead to 2027, digital asset ETFs will reach $200 billion, over 1,000 on-chain banks, stablecoins will grow at 66%, and institutional crypto allocations will increase to 3–5%, with some national sovereign funds included in their balance sheets. Xinhuo's mission is to connect trading, custody, asset management, and other links, working with financial institutions to promote the implementation of Web4.